WRI: What’s changing as countries turn INDCs into NDCs? Five early insights
Some countries aren’t waiting until 2020 to make changes to their national climate commitments. As countries ratify the Paris Agreement, some have decided to revise their INDCs and communicate the changes as part of their first NDCs. WRI provides a summary.
Read MoreECOSYSTEM MARKETPLACE: Can the World Bank model show us how to de-risk US environmental markets?
Given the regulatory risk that environmental markets can be altered or ended with the “stroke of a pen” from policy makers, lenders are generally unwilling to value revenue from environmental markets when underwriting projects. With this heavy, or complete, discounting of environmental market revenues, these markets fail to entice the level of investment needed for projects to generate environmental credits and provide verifiable conservation benefits. How can we reduce the risks associated with environmental credits and keep these critically important projects moving forward?
Read MoreCOP23: Germany puts €50m towards N2O abatement, eyes €20m in offsets via World Bank auction platform
Germany will spend €50 million in directly funding N2O nitric acid abatement in developing countries and is aiming put an additional €20 million towards buying CDM or voluntary offsets via the World Bank’s auction platform emerging out of the Pilot Auction Facility (PAF).
Read MoreAfter the money dries up, CDM project discontinuation risks vary drastically -study
Some CDM project types face considerably higher risks than others of being discontinued due to the disappearance of carbon offset revenues, a new study shows, threatening to raise CO2 emissions by roughly a billion tonnes in the developing world if the facilities are dismantled.
Read MoreALLCOT’s Voluntary Carbon Market Report – March 2017
With the end of the financial year approaching, corporate buyers are keen to complete their budgeted offsetting and so demand has picked up in the last month. Project developer and carbon trader ALLCOT provides a snapshot of the market.
Read MoreSlovakian firms slow to grasp loans with EU ETS price support
Slovakian firms have been slow to take advantage of EBRD-backed loans for energy efficiency measures despite guarantees the bank will buy EUAs at a fixed level to ensure repayments.
Read MoreGCF should strengthen ties with CDM to boost carbon cuts, CER demand -study
The Green Climate Fund (GCF) can gain a fully developed MRV system and strengthen its result-based approach while providing crucial demand for the ailing UN-led carbon market by forging close ties to the Clean Development Mechanism (CDM), according to a report commissioned by the German government.
Read MoreWith PAF funds spent, World Bank touts auction model beyond gases
The World Bank is eyeing the use of auctions to fund green buildings and promote forest protection globally after viewing its Pilot Auction Facility (PAF) as a successful way of stretching public funds to fight climate change.
Read MorePrices dip to $1.80/tonne in third PAF auction, with old N2O projects taking the spoils
Sellers achieved an effective price of $1.80 (€1.70) per carbon credit at the third auction of the World Bank’s Pilot Auction Facility (PAF) held on Tuesday, well below the levels around $2.10 achieved in the previous two sales.
Read More
